1 ELXAI = ₺0.0002487 Turkish Lira 1 TRY Turkish Lira = 4,020.26 ELXAI
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View ChartELIXIR AI is a decentralized protocol designed to incentivize and govern the ownership of AI models, operating on the Ethereum and Arbitrum networks.
Key takeaways
ELIXIR AI is a decentralized protocol that aims to create an ownership economy for artificial intelligence models, allowing participants to be rewarded for their contributions.
| Item | Details |
|---|---|
| Name (Ticker) | ELIXIR AI (ELXAI) |
| Alternative Names | ELXAI |
| Consensus Mechanism | Ethereum Proof-of-Stake (PoS) |
| Smart Contracts | Yes (EVM/Arbitrum compatible) |
| Category | AI, Decentralized Protocol |
| Hash Algorithm | Keccak-256 |
| Block Reward | N/A |
| Max Supply | 999,999,964 ELXAI |
| TPS | Dependent on underlying Ethereum/Arbitrum network performance. |
| Scaling Solution | Utilizes Arbitrum, an Ethereum Layer 2 scaling solution, for faster and cheaper transactions. |
| Blockchain | Ethereum, Arbitrum |
The ELIXIR AI protocol was developed by a team focused on decentralizing artificial intelligence. While specific founder identities are often decentralized in such projects, the development is guided by the protocol's community and core contributors. The project positions itself as an active, decentralized AI model ownership incentive protocol. The team's vision centers on shifting AI model ownership from centralized entities to a broad, participatory community, using blockchain technology to align incentives and ensure fair reward distribution for data providers, developers, and users within the AI ecosystem.
ELIXIR AI functions as a protocol layer on top of Ethereum and its Layer 2 solution, Arbitrum. It uses smart contracts to manage the lifecycle of AI models and their associated incentives.
ELIXIR AI's primary value proposition is its focus on decentralizing the ownership and economic benefits of AI models, a field traditionally dominated by large, centralized corporations.
The ELXAI token serves multiple utility functions within the ELIXIR AI ecosystem, driving participation and governance.
ELXAI is a cryptocurrency available on several exchanges. For a secure and smooth trading experience, it's recommended to use a major, reputable platform like BTCC, which offers high liquidity and strong customer support.
To minimize costs, traders should look for ""Maker/Taker"" fees.
BTCC - Stands out as one of the lowest-fee exchanges in the industry, particularly for derivatives. Futures trading fees can be as low as 0.01%, making it a preferred choice for high-frequency or high-volume traders who want to preserve their capital."
Buying ELXAI with TRY is supported by most major, regulated exchanges. The best platform depends on your deposit method:
BTCC- A reliable veteran exchange (operating since 2011) where you can easily deposit fiat currency via credit cards or bank transfers to buy USDT. Once your account is funded, you can instantly swap for ELXAI/USDT pairs.
To quickly convert ELXAI to TRY, you need a platform that offers “instant exchange” or “one-click sell” features.
The cryptocurrency calculator and exchange tool on BTCC provides instant valuations for exchanging ELXAI for TRY.
To help users understand the “real-world” value of ELIXIR AI, BTCC allows you to compare your ELXAI balance to everyday items such as a monthly salary, an iPhone, or a barrel of crude oil. For new investors assessing their purchasing power, this contextual data is extremely valuable."
Trading ELXAI/TRY involves speculating on its price movement. Follow these steps to start:
Fund Your Account: Deposit TRY or ELXAI into your BTCC account.
Navigate to the Market: Go to the "Trade" section and select the ELXAI/TRY trading pair.
Analyze the Chart: Use our professional trading charts and indicators to inform your decision.
Place Your Trade Order:
To Buy (Go Long): If you believe the price will rise, place a buy order.
To Sell (Go Short): If you believe the price will fall, you can open a short position (available in derivatives trading like futures).
Set Order Parameters: Choose between Market, Limit, or Stop orders based on your strategy, enter the amount, and confirm the order.
Manage Your Trade: Monitor your open positions and use Stop-Loss/Take-Profit orders to manage risk automatically.
For detailed guides on each order type and risk management, please visit our Help Center
Yes, absolutely. BTCC supports multiple ways to gain exposure to ELIXIR AI(ELXAI) using TRY, from simple purchases to advanced trading strategies.
You can:
Buy Instantly: Use our "Buy Crypto" feature with a linked debit/credit card or bank transfer to purchase ELIXIR AI directly.
Trade on the Spot Market: Deposit TRY and place a buy order on the ELXAI/TRY spot trading pair using market or limit orders, taking direct ownership of the ELXAI.
Trade ELXAI/TRY Futures: For more advanced strategies, you can trade ELXAI/TRY perpetual or dated futures contracts. This allows you to speculate on ELIXIR AI's future price movements with leverage, enabling potential profits from both rising and falling markets without needing to hold the underlying asset directly.
To perform your ELXAI to TRY conversion on BTCC:
Access your account by signing in, or create a new BTCC account if needed.
Go to the trading interface and select the ELXAI/TRY trading pair.
Input the specific amount of ELIXIR AI you wish to sell.
Verify the displayed exchange rate and your final TRY total.
Confirm and finalize the sell transaction.
Following these steps, your TRY balance will be updated instantly.
Our converter tool is designed for quick calculations. Here's how to use it:
Locate the "Crypto Converter" section on our website or within the app.
Type the amount of ELXAI you want to convert into the first field.
The equivalent value in TRY will be instantly calculated and displayed in the second field, using the latest live market rate.
The ELXAI/TRY exchange rate is the current market price at which 1 ELIXIR AI(ELXAI) can be exchanged for TRY. In simpler terms, it tells you how many TRY one ELIXIR AI is worth at any given moment.
Currently, one ELIXIR AI is ₺0.0002487. The price of 1 ELIXIR AI(ELXAI) in TRY is constantly changing due to the 24/7 nature of the global cryptocurrency market. To get the live, real-time price, please check the market data section at the top of our platform or visit our dedicated ELXAI to TRY converter.